By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: President Jonathan, Sambo And Others To Get N3.24bn Severance Allowances
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

President Jonathan, Sambo And Others To Get N3.24bn Severance Allowances

Farouk Mohammed
By Farouk Mohammed
Published: April 29, 2015
Share
5 Min Read
SHARE

jonathanand-sambo

President Goodluck Jonathan, Vice-president Namadi Sambo, non-returning federal lawmakers, ministers and presidential aides will collect N3.24bn as severance allowances, investigation by The Punch has shown.

The severance allowances are contained in the Remuneration Package put together by the Revenue Mobilisation, Allocation and Fiscal Commission.

According to the package, Jonathan, who will hand over to the President-elect, Muhammadu Buhari, on May 29, is entitled to 300 per cent of his annual basic salary. The President’s annual basic salary is put at N3, 514,705 and therefore his severance allowance will be N10, 544,115 after May 29.

- Advertisement -

The severance allowance is without prejudice to his other constitutional entitlements as a former head of government.

Similarly, Vice-President Sambo, who leaves office the same day as Jonathan, is also entitled to 300 per cent of his annual basic salary put at N3, 031,572.50. This means that his severance allowance after May 29 is N9, 094,717.50.

For having held the office of vice- president, Sambo also has some constitutional entitlements and perks.

PUNCH adds that about 76 senators are not returning to the National Assembly either because they did not stand for election or because they lost their bids to return. They are however entitled to N462,019,200 at the expiration of their tenure on June 5.

- Advertisement -

Like Jonathan and Sambo, they are entitled to 300 per cent of their annual basic salaries as severance allowances. This amounts to N6, 079,200 per senator.

In the House of Representatives, about 290 members are not returning to the 8th National Assembly to be proclaimed into existence by Buhari on June 5.

Each of the members is entitled to N5, 955,637.50 as severance allowance. This means that the 290 members will be paid N1, 727,134,875.

The ministers, on the other hand, will be collecting a total of N253, 967,212.5. There are 42 ministers in Jonathan’s cabinet. Thirty one of them are senior ministers and 11 are ministers of state.

Each of the senior ministers is entitled to N6, 079,200 severance allowance while each of the ministers of state will receive N5, 872,740.

This means that collectively, the senior ministers will get N188, 455,200 at the expiration of their tenure on May 29 while collectively, the ministers of state will be collecting N65, 512,012.5 .

The aides to the President comprising special advisers, senior special assistants and special assistants will get N775, 207,125.

There are 23 of them who work with the president as special advisers. Apart from this number, however, there are several others estimated at 110 who work with the vice-president, the First Lady(Patience Jonathan) and special advisers that are designated either as senior special assistants or special assistants to the President.

This means that there are about 133 aides to the president and each of them is entitled to 300 per cent of their annual basic salary which amounts to N5, 828,625.

The Nigerian democracy has been identified as one of the costliest in the world as a result of a large number of political office holders. Some experts, for instance, think that a cabinet made up of 42 ministers is too large. However, constitutionally, each of the 36 states is expected to be represented in the Federal Executive Council.

Bicameralism is another source of worry for many observers who believe that Nigeria can do with one chamber of the National Assembly. Some Nigerians have called for part-time legislature as a means of saving cost.

However, the worry of many Nigerians is not what the lawmakers earn monthly but what accrues to them through self-appropriation and constituency projects.

The Publicity Secretary of the pan-Yoruba group, Afenifere, Yinka Odumakin, said:

“It is unjust and morally reprehensible for these officials who mostly have fleeced the public till with veracious rapacity to legislate crazy retirement benefits. It is nothing but robbing the public for people who lived off the state for four or eight years to want to become permanent liability on the system.
This is a country where civil servants who served the country for 35 years are queuing to death for pensions that mostly remain unpaid. There are no serious countries in the world where public officials earn what ours take not to talk of the sickening retirement benefits they ask for.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:JonathanSambo
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Rapper, ‘Wiz Khalifa’ Raps About Wanting ‘Amber Rose’ Back
Next Article More Nigerians Still To Be Executed In Indonesia – Hon. Abike Dabiri

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 5 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Anambra, Osun Polls: APC Faces Internal Strife as Soludo and Adeleke Engage President Tinubu Amid Election Tensions
Politics Top stories
Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?